Development Opportunity Minutes from Downtown Summerville

Multi-Family for Sale
Catylist Listing ID: 30339690
Property Subtypes: Duplex/Fourplex
Number of Units: 3 Units
Building Size (RSF): 7,000 SF
Gross Building Area: See Agent
Gross Land Area: 6 - 7 Acres
Sale Price: $2,500,000
Unit Price: $833,333.33 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 0.01%
Last Updated: 8/7/2019

Overview / Comments

Incredible opportunity to own over 6 acres in Charleston County and within a mile to the heart of town. Zoned M8, the sale of this property includes the adjacent properties 604 E Richardson Ave and Richardson Ave, totaling 6.47 acres. Value is in this incredible piece of land but sure the two houses and warehouse for immediate income. This listing includes TMS 379-00-00-041, TMS 379-00-00-050, and TMS 379-00-00-049. Among these three lots, there are currently two houses (3 bed, 1 bath at 608 E Richardson that has had an addition since the property information and square footage were updated, and a 2 bed, 1 bath at 604 E Richardson) as well as a 5,000 sqft Warehouse, 7 greenhouses, a pump house, a barn, a sales building, and a utility/ storage shed. There was previously a nursery business on this site so you may be able to rezone. By Appointment ONLY. Do not enter property.

Additional Details

Nearest MSA: Charleston-North Charleston
County: Dorchester
Submarket/Township: 32 - N.Chas./Summerville outside I-526
Tax ID/APN: 379-00-00-041
Zoning: OTHER
Property Located Between: Owens Drive and Berlin Myers Parkway
Airports: Charleston International Airport
Site Description: Over 6 acres flat land and mostly cleared.
Area Description: Within 1 mile to city of Summerville
Total Number of Buildings: 3
Property Condition: Good
Year Built: 1960
Water Service: Municipal
Sewer Type: Municipal
Legal Description: Plat suffix x-94 Poltwp 006

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,824 59,890 128,310
Median Age: 37.58 35.76 34.7
Households: 3,073 22,501 47,172


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